Kier Group Enhances Capital Structure with Share Buyback

Kier Group plc ( (GB:KIE) ) just unveiled an update.

Kier Group plc announced the purchase of 36,543 of its Ordinary shares as part of its ongoing buyback programme, initiated on 21 January 2025. The shares were acquired at a consistent price of 207.00 GBp each and will be held in treasury. This transaction brings the total number of shares purchased under the programme to 5,517,142, with 447,358,248 shares representing the total voting rights in the company. The buyback is part of Kier’s strategy to manage its capital structure effectively, which may influence shareholder value and market perception.

The most recent analyst rating on (GB:KIE) stock is a Buy with a £210.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Spark’s Take on GB:KIE Stock

According to Spark, TipRanks’ AI Analyst, GB:KIE is a Outperform.

Kier Group plc’s strong financial performance and positive corporate events are the primary strengths, although technical indicators reflect some short-term market volatility. The stock’s valuation is reasonable, aligning well with industry norms.

To see Spark’s full report on GB:KIE stock, click here.

More about Kier Group plc

Kier Group plc is a leading UK infrastructure services, construction, and property group, providing specialist design and build capabilities. The company leverages the knowledge, skills, and intellectual capital of its workforce to manage and integrate all aspects of a project.

Average Trading Volume: 2,113,321

Technical Sentiment Signal: Hold

Current Market Cap: £884.8M

See more insights into KIE stock on TipRanks’ Stock Analysis page.